The taxes on bank bonuses are very interesting. The Guardian seems in favour whereas the Telegraph is against – as one would expect. All of the big issues – fairness, taxes, plutocracy, role of banks and government – are on display here. This is a situation worth watching.

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.